Towards the end of every fiscal year, the leadership team evaluates the past year and plans for the fiscal year ahead. This planning translates into a clear set of organizational goals. Each department is then expected to help move the organization closer to meeting these goals. In the past,...

DeltaBid welcomes this guest post from LiWei Ang, Supply Chain Strategic Development Manager at General Mills. She compares the terms 'procurement' and 'strategic sourcing' and asks sourcing professionals to decide whether the terminology they use captures the true value they create.

Putting Procurement on the map is hard work. It requires focus and a concentrated effort to prove the function can play a key role in any organization’s efforts to innovate, improve sustainability, and increase profits. In order to do so, Procurement has to become more than a gatekeeper and...

Surprises are rarely good for procurement departments. Knowing where your risk lies, identifying your non-strategic suppliers, and eliminating them before they harm your business has become a necessity when trying to avoid supply chain breakdowns.

People, process and tools is a methodology of starting to put together a strategic framework within the team. I am saying the team only because I am looking at the team and put together the means to meet the business’s needs;